NFA to auction rice to free up warehouse space
THE National Food Authority (NFA) said it will auction its older rice stocks by early May to facilitate more rice procurement, following weak take-up...
NFA bats for P8 billion in extra funding for rice procurement
THE National Food Authority (NFA) said on Tuesday it will require P8 billion more in funding to achieve its rice inventory goals, which are...
Batangas gas-fired plant operator hopes to obtain certification by end of May
EXCELLENT Energy Resources, Inc. (EERI) said it hopes the certification it needs to operate Unit 3 of its Batangas gas-fired project will be issued...
Vehicle sales jump 7.6% in March
PHILIPPINE automotive sales grew by 7.6% in March as steady commercial vehicle sales offset a double-digit slump in sales of passenger cars, an industry...
Balisacan hopeful of 6% growth in Q1
NATIONAL Economic and Development Authority Secretary Arsenio M. Balisacan is hopeful the economy grew by at least 6% in the first quarter, as rate...
Philippines, France to hold JEC meeting in September
THE Philippines and France are scheduled to hold a Joint Economic Committee (JEC) meeting in September, according to an official of the Department of Trade and Industry (DTI).
PSEi could end as high as 7,800 amid global uncertainties
THE Philippine Stock Exchange index (PSEi) could still settle as high as the 7,800 level by yearend, although global economic uncertainties may affect this outlook, analysts said.
PHL pitches S. Korea for electronics, EV locators
THE GOVERNMENT said it will welcome South Korean companies engaged in electronics manufacturing services and semiconductor manufacturing services, electric vehicles (EV), high-tech agriculture, and...
Batangas gas-fired power plant delays flagged
THE Department of Energy (DoE) has raised concerns over the delays in bringing Manila Electric Co.’s (Meralco) 1,200-megawatt (MW) Batangas gas-fired power plant to...
ERC approves 19 NGCP power reserve deals
THE Energy Regulatory Commission (ERC) said it approved 19 ancillary service procurement agreements (ASPAs) entered into by the National Grid Corp. of the Philippines...
Trump tariffs seen pushing BSP to ease
THE Bangko Sentral ng Pilipinas (BSP) could cut rates further this year if the Trump administration goes ahead with the 17% tariff initially announced...
Peso weakens on lingering tariff jitters
THE PESO weakened against the dollar on Monday amid continued market jitters over the escalating global trade war and the possibility of a recession.
The...